Solicitors Audit Services
Bryden Johnson works with solicitors and provide professional audit services that comply with the Solicitors Regulation Authority (SRA). With our 125+ years of experience, our solicitors audit services adhere to the highest standards and comply with all SRA principles.
We have extensive experience dealing with solicitors’ accounts and provide an independent, unbiased audit opinion of compliance with the applicable rules, regulations and statutes.
The team at Bryden Johnson utilises modern audit techniques to provide a thorough review of your firm’s financial statements. Our audits are tailored to fit each firm’s needs and accurately reflect their compliance status.
Flexibility, transparency and reliability are the cornerstones of our SRA audit service. With Bryden Johnson, you’ll work with a progressive and innovative firm that expertly assists organisations in achieving their financial stability and growth goals.
Understanding SRA Audits
The Solicitors Regulation Authority (SRA) audits are an integral part of legal firms, and most of them must be registered with the SRA to remain compliant. All solicitors are legally obligated to undergo an SRA audit if they hold client money as part of their services.
Here at Bryden Johnson, we understand the repercussions that penalties issued by the SRA can have on your firm due to any issues found in their processes. Because of this, our team strives to provide a complete audit service and give recommendation and advice to make sure you comply with the SRA regulations.
What does an SRA audit include?
SRA audits are annual reviews of procedures and processes conducted by the Solicitors Regulation Authority. These include a thorough review of all client money transactions, financial statements and reconciliations, and internal controls to protect customer funds.
In October 2011, the SRA radically altered the reporting rules for solicitors, mandating them to:
- Assure clients that their money is protected and secure with documented evidence
- Establish confidence that their system is designed to protect client funds
- Provide a guarantee to clients and the public that their funds are well managed
- Ensure that the SRA is apprised of all matters pertaining to safeguarding client funds
Reduce Risks with Bryden Johnson
Bryden Johnson understands the complexities of SRA audits and guides you through their regulations. Our experienced professionals work closely with you to ensure you meet the highest compliance standards.
We provide comprehensive solutions and advice that help you identify potential risks, prepare for the audit process, and ensure your firm is adequately protected.
Contact us today to learn more about what Bryden Johnson can do to ensure your firm’s compliance with SRA regulations.
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